Last week was relatively quiet, with no major market-moving news, which led the S&P, Dow, and Nasdaq to be down between 0%-0.5% week-over-week, and the Russell to be up about 0.1%. However, we will probably see some volatility in the markets this week, as we have some of the largest companies in the world reporting earnings, as well as some key economic data releases.
Last week was relatively slow in terms of macroeconomic indicators. There weren’t many economic data releases, and there weren’t many notable earnings upsets. However, we are bound to get some market-moving intel this week, as it’s jam packed with economic data releases and some of the most important companies in the world reporting earnings.
This week, earnings will likely be the main market catalysts, however we will get some other important economic data releases, such as new home sales and consumer confidence on Monday, GDP and pending home sales on Thursday, and nominal personal spending, nominal personal income, and PCE on Friday. All eyes will be on GDP and PCE as they will be great indicators of how the economy is performing. Â
Q1 earnings season is really heating up this week, as we have key big tech companies reporting earnings, as well as some other industry giants, such as:
04/24 – Coca-Cola Company (KO), Canadian National Railway (CNI), Ameriprise Financial Services (AMP)
04/25 – Microsoft Corporation (MSFT), Alphabet Inc. (GOOG/GOOGL), Visa (V), Pepsico (PEP), McDonalds Corporation (MCD), United Parcel Service (UPS), Texas Instruments (TXN), Verizon Communications (VZ), Raytheon Technologies (RTX), General Electric Company (GE), Chipotle Mexican Grill (CMG), General Motors Company (GM)
04/26 – Meta Platforms (META), Thermo Fisher Scientific (TMO), Boeing Company (BA), American Tower Corporation (AMT), Automatic Data Processing (ADP), Canadian Pacific Kansas City Limited (CP), GSK PLC (GSK), Waste Management (WM), General Dynamics (GD)
04/27 – Amazon.com (AMZN), Eli Lilly and Company (LLY), Mastercard Inc. (MA), Merck & Company (MRK), AbbVie Inc. (ABBV), Astrazeneca (AZN), T-Mobile US (TMUS), Comcast Corporation (CMCSA), Honeywell International (HON), Intel Corporation (INTC), S&P Global (SPGI)
04/28 – Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), SONY Group (SONY), Charter Communications (CHTR) , Colgate-Palmolive Company (CL)
All eyes will be on big tech this wee, as MSFT, GOOG, META, and AMZN report their earnings. Each of these companies will give us an idea of how consumers and the ad markets are fairing amidst some unique economic conditions. They will also be able to tell us how their cloud businesses are performing (except for META).
We’ve also got some important logistics companies reporting earnings this week, such as CNI, UPS, and CP. These companies will give us an idea of how both consumers and businesses are faring. After all, almost all the goods sold throughout the US are moved on a railroad or by a ground/air transportation company, like UPS.
Lastly, we’ve also got some important chip manufacturers reporting earnings this week, in TXN and INTC. It will be interesting to see what these companies have to say about the chip market, and where orders are trending. It will also be interesting to hear the commentary INTC has after cutting their dividend in recent weeks.
Monitoring the market conditions this week.
Want to stay in the know? Want tips delivered right to your inbox? Simply provide your email address below and you’ll get a high-value newsletter, designed to help you trade stronger.
